702 Ash Street 105, San Diego, California 92101, San Diego, 92101 - 2 bed, 2 bath
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702 Ash Street 105
San Diego, California 92101
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,644Sq Ft
0Lot Size
Property Price
LIST PRICE$999,999
EST. MARKET VALUE
$1,011,973
SUMMARY
This Stunning Historic Loft is a Strong Value Opportunity, listed at $999,999—positioned well below the $1,011,973 Fair Market Value by 1.2%. This valuation gap offers $11,974 in Instant Equity. Featuring a Condition Rating of 2, this unit blends 1927 character with modern smart-home upgrades and exceptional storage. Residents enjoy significant tax savings via the Mills Act, offsetting the monthly HOA fees. This property is an ideal acquisition for Urban Professionals or Owner-Occupants seeking a unique, move-in ready downtown sanctuary.
Estimated Market Value
$1,011,973
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 Ash Street 105 Subject | $999,999* List Price | 2 | 2 | 1,644 | $616 | - |
A 850 Beech Street 1901 Sold | $1,065,000 | 2 | 2 | 1,519 | $701 | 0.1 mi |
B 1441 9th Avenue 803 Sold | $915,000 | 2 | 2 | 1,451 | $631 | 0.1 mi |
C 850 Beech St. 514 Sold | $915,000 | 3 | 2 | 1,270 | $720 | 0.1 mi |
D 1501 Front St 523 Sold | $975,000 | 3 | 2 | 1,568 | $622 | 0.4 mi |
E 850 Beech Street 908 Sold | $704,900 | 2 | 2 | 1,230 | $573 | 0.1 mi |
F 1240 India St 703 Sold | $1,089,000 | 3 | 3 | 1,441 | $756 | 0.6 mi |
G 850 Beech St 910 Active | $869,995 List Price | 3 | 2 | 1,285 | $677 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1927, the unit has been recently upgraded throughout with high-end appliances, smart home systems (HVAC and lighting), and a freshly reconfigured layout. The kitchen and interior finishes are in mint condition, indicating a renovation within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Mills Act Tax Savings
The property benefits from the Mills Act, resulting in exceptionally low property taxes of approximately $2,600 per year, providing a massive financial advantage compared to standard tax rates for a million-dollar home.
- Historic Character with Modern Upgrades
Located in the iconic El Cortez landmark, this unit features 1927 vintage details like soaring coffered ceilings paired with high-end modern appliances, real wood floors, and full smart-home integration.
- Exceptional Storage and Layout
Offering a rare amount of interior storage for downtown living, the 1,644 sqft floor plan includes two walk-in closets, a large walk-in pantry, and a versatile two-story configuration with a dedicated office space.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $1,467 is substantial, which significantly increases the monthly carrying costs and may impact the purchasing power of some buyers.
- Historic Building Limitations
Being a century-old landmark, the building may present infrastructure limitations or strict preservation guidelines that restrict certain modifications compared to newer modern high-rises.
About 702 Ash Street 105
Unique loft-style 2-story condo at the iconic El Cortez features soaring coffered tray ceilings and vintage details blending character with modern convenience. Celebrate this landmark's centennial next year while enjoying Mills Act savings on property taxes (total property tax approx $2,600/year!). Upgraded throughout with built ins, smart home features (lights, HVAC, window coverings), real wood floors, and high-end appliances. Freshly reconfigured upstairs features 2 bedrooms plus office space. This home offers quite possibly the most interior storage of any unit you'll find downtown, with 2 walk-in closets (one hidden), large walk-in pantry and hidden overhead storage. Great unit for entertainment on first level, NOT at street level, with quick and easy access to enter/exit the complex, great for dog walks and visitors. Unit is located on the secluded E/NE side of the building with abundant light and outdoor space.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1927
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1467.0 / Month
Neighborhood Insights
San Diego Unified Schools
Washington Elementary School
Grades K-5 • 0.6 mi
5/10
Roosevelt International Middle School
Grades 6-8 • 1.5 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,644 | 1,002.307 |
| Lot Size | - | 75,574.68 |
| Price | $1000.0K | $596.0K |
| Price per sq ft | $608 | $612 |
| Built year | 1927 | 1985 |
| HOA | $1467.0 | $529 |
| Days on market | 22 | 55 |
Pricing History
Listed for Sale
Aug 18, 2026
$999,999
Initial Listing
Sold
Oct 13, 2021
$770,000
Public Record
Sold
Oct 1, 2021
$425,000
Public Record
Sold
Aug 20, 2015
$710,000
Public Record
Sold
Apr 1, 2011
$289,000
Public Record
Sold
Nov 5, 2004
$721,000
Public Record